ServiceNow Balance Sheet Health
Financial Health criteria checks 6/6
ServiceNow has a total shareholder equity of $7.6B and total debt of $1.5B, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are $17.4B and $9.8B respectively. ServiceNow's EBIT is $762.0M making its interest coverage ratio -2.7. It has cash and short-term investments of $4.9B.
Key information
19.5%
Debt to equity ratio
US$1.49b
Debt
| Interest coverage ratio | -2.7x |
| Cash | US$4.88b |
| Equity | US$7.63b |
| Total liabilities | US$9.76b |
| Total assets | US$17.39b |
Recent financial health updates
ServiceNow (NYSE:NOW) Has A Rock Solid Balance Sheet
Mar 30
Is ServiceNow (NYSE:NOW) A Risky Investment?
Oct 08Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Jun 20Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Mar 21Recent updates
ServiceNow: One Of Our Top Picks For The Coming Decade
Apr 13ServiceNow (NYSE:NOW) Has A Rock Solid Balance Sheet
Mar 30ServiceNow: Leading In Enterprise AI, But Watch The Premium Valuation
Mar 20What You Can Learn From ServiceNow, Inc.'s (NYSE:NOW) P/S
Mar 18ServiceNow, Inc.'s (NYSE:NOW) Intrinsic Value Is Potentially 29% Above Its Share Price
Mar 06ServiceNow: Successfully Absorbing Global Digital Transformation
Mar 06What Is ServiceNow, Inc.'s (NYSE:NOW) Share Price Doing?
Feb 23ServiceNow: The Case For More Upside Even From Here
Feb 02Shareholders Can Be Confident That ServiceNow's (NYSE:NOW) Earnings Are High Quality
Feb 01Results: ServiceNow, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Jan 27ServiceNow Q4 Review: Solid Report, But Valuation Is Out Of Step With Reality
Jan 24ServiceNow (NYSE:NOW) Is Doing The Right Things To Multiply Its Share Price
Jan 11ServiceNow: Commercially Interesting, But Dangerous Pitch At 15x EV/Sales
Dec 31ServiceNow, Inc.'s (NYSE:NOW) P/S Is On The Mark
Dec 18ServiceNow: This Is A True One Of A Kind
Nov 28Is Now The Time To Put ServiceNow (NYSE:NOW) On Your Watchlist?
Nov 20Why ServiceNow, Inc. (NYSE:NOW) Could Be Worth Watching
Oct 23ServiceNow: Stellar Revenue Growth And Profitability Expansion
Oct 23Is ServiceNow (NYSE:NOW) A Risky Investment?
Oct 08Calculating The Fair Value Of ServiceNow, Inc. (NYSE:NOW)
Sep 26ServiceNow: Positioned To Thrive In Digital Transformation
Sep 18We Like These Underlying Return On Capital Trends At ServiceNow (NYSE:NOW)
Aug 30ServiceNow: Generative AI Pick With 20% Revenue Growth And 30% FCF Margins
Aug 18Do ServiceNow's (NYSE:NOW) Earnings Warrant Your Attention?
Aug 17Is It Time To Consider Buying ServiceNow, Inc. (NYSE:NOW)?
Jul 24ServiceNow: AI Hype Has Powered The Stock This Year
Jul 19Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Jun 20ServiceNow: Stock Is Fairly Valued
Jun 18ServiceNow Unleashes AI, Innovation To Strengthen Competitive Advantage
May 24Estimating The Fair Value Of ServiceNow, Inc. (NYSE:NOW)
May 16ServiceNow (NYSE:NOW) Is Doing The Right Things To Multiply Its Share Price
May 02With ServiceNow, Inc. (NYSE:NOW) It Looks Like You'll Get What You Pay For
Apr 19Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Mar 21Is Now An Opportune Moment To Examine ServiceNow, Inc. (NYSE:NOW)?
Feb 19ServiceNow: 5 Key Takeaways From The Recent Earnings
Feb 06A Look At The Intrinsic Value Of ServiceNow, Inc. (NYSE:NOW)
Jan 27ServiceNow Q4 results mixed, co gives subscription revenue guidance for Q1, FY 2023
Jan 25Financial Position Analysis
Short Term Liabilities: NOW's short term assets ($7.8B) exceed its short term liabilities ($7.4B).
Long Term Liabilities: NOW's short term assets ($7.8B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: NOW has more cash than its total debt.
Reducing Debt: NOW's debt to equity ratio has reduced from 59.5% to 19.5% over the past 5 years.
Debt Coverage: NOW's debt is well covered by operating cash flow (228.4%).
Interest Coverage: NOW earns more interest than it pays, so coverage of interest payments is not a concern.